Insider Selling: American Software, Inc. (AMSWA) CFO Sells 20,127 Shares of Stock
American Software, Inc. (NASDAQ:AMSWA) CFO Vincent C. Klinges sold 20,127 shares of the firm’s stock in a transaction dated Friday, September 29th. The shares were sold at an average price of $11.35, for a total value of $228,441.45. Following the transaction, the chief financial officer now directly owns 116,965 shares in the company, valued at $1,327,552.75. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of American Software, Inc. (NASDAQ AMSWA) traded up 2.46% during midday trading on Monday, reaching $11.64. The company had a trading volume of 108,960 shares. The stock has a 50-day moving average of $10.53 and a 200 day moving average of $10.49. The firm has a market capitalization of $318.92 million, a price-to-earnings ratio of 21.96 and a beta of 0.78. American Software, Inc. has a 52 week low of $9.00 and a 52 week high of $12.10.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 4th. Shareholders of record on Friday, November 10th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 3.78%. The ex-dividend date is Thursday, November 9th. American Software’s payout ratio is 84.62%.
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Several analysts have weighed in on the stock. Zacks Investment Research raised shares of American Software from a “sell” rating to a “hold” rating in a research note on Monday, August 14th. BidaskClub lowered shares of American Software from a “sell” rating to a “strong sell” rating in a research report on Thursday, July 27th. Finally, B. Riley reaffirmed a “buy” rating and set a $12.25 price objective on shares of American Software in a research note on Sunday, September 3rd.
A number of hedge funds have recently bought and sold shares of the business. Citadel Advisors LLC purchased a new stake in shares of American Software in the second quarter valued at $133,000. GSA Capital Partners LLP boosted its stake in shares of American Software by 5.4% during the 2nd quarter. GSA Capital Partners LLP now owns 13,615 shares of the software maker’s stock worth $140,000 after purchasing an additional 700 shares during the period. Smith Asset Management Group LP purchased a new position in shares of American Software during the 2nd quarter worth about $142,000. American International Group Inc. boosted its stake in shares of American Software by 6.9% during the 1st quarter. American International Group Inc. now owns 15,859 shares of the software maker’s stock worth $163,000 after purchasing an additional 1,027 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in shares of American Software during the 2nd quarter worth about $165,000. Institutional investors and hedge funds own 74.71% of the company’s stock.
American Software Company Profile
American Software, Inc (American Software) develops, markets and supports a portfolio of software and services that delivers enterprise management, supply chain and retail planning solutions to the marketplace. The Company operates through three business segments: Supply Chain Management (SCM), Enterprise Resource Planning (ERP) and Information Technology (IT) Consulting.
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